On October I, C. R. Yazici invests tl0,000 cash in an advertising company to be known as Pioneer Advertising Agency Inc. Transaction On October I, Pioneer purchases office equipment costing t5,000 by signing a 3-month, 12%, t5,000 note payable. Transaction On October 2, Pioneer receives a tl,200 cash advance from R. Knox, a client, for advertising services that are expected to be completed by December 31. Transaction On October 3, Pioneer pays office rent for October in cash, t900. Transaction On October 4, Pioneer pays t600 for a one-year insurance policy that will expire next year on September 30. Transaction On October 5, Pioneer purchases an estimated 3-month supply Trancaction
On October I, C. R. Yazici invests tl0,000 cash in an advertising company to be known as Pioneer Advertising Agency Inc. Transaction On October I, Pioneer purchases office equipment costing t5,000 by signing a 3-month, 12%, t5,000 note payable. Transaction On October 2, Pioneer receives a tl,200 cash advance from R. Knox, a client, for advertising services that are expected to be completed by December 31. Transaction On October 3, Pioneer pays office rent for October in cash, t900. Transaction On October 4, Pioneer pays t600 for a one-year insurance policy that will expire next year on September 30. Transaction On October 5, Pioneer purchases an estimated 3-month supply Trancaction
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5PA: Inner Resources Company started its business on April 1, 2019. The following transactions occurred...
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